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Show June 9, 1969 OIL & MINING JOURNAL Page 3 Sounds of drilling rig stir memories, hopes at Ghost town ly there are some possibilities, and that's why were in Mer cur. 99 MERCUR, Tooele County -The mine and mill dumps and the rock exposures are a palette of reds, browns, yellows and blue-blac- k. The town - orwhats left of it is a shambles. He emphasized in every other Western state as well as in Canada, Central America, Australia and Indonesia. Surviving walls and struct- ures are covered with the usual high school grafitti - indicat .ing John loves Mary and that the class of 69 has had some in these parts. kind of whlng-din- g one wall at on Also posted town is a the entry of and dusty typewritten list of some 270 claims acquired in recent months by Newmont Exploration Ltd., exploration arm of Newmont Mining Co. Notably, Newmont eur that took the Carlin plead several posted No Shooting, Please! Workers are in the area. The workers arent to visible. . signs - Symposium banquet here- - Dr. Adams added that another facility for making money will be needed within a decade and since it takes several years to plan and build a Mint, the Government should get with it. The new Mint was built in Philadelphia because 70 percent of the demand for coins is east of the Mississippi River. A major problem in making new coins was finding an alloy which would work in the vending machines; it would have cost $50 per vending machine to revamp its system for another coin. One problem that still has the metallurgists stumped is how to remove the red (copper) edge from the dimes and quarters. The Mint director noted that consumers have used four billion pennies so far this year. Since no The recovery of Carlin gold dis- And, indeed, it was the useful application of cyanidatlon that turned Mercur into a booming gold camp in the 1890s. Mercur is in the Camp Flpyd Mining District, Just about 15 miles south of Tooele in a The meaning? valley on the west flank of the Oquirrh Range. The district was organized in 1870 - not because of gold, Strictly a field program, commented a Newmont executive Obvious in New York City. RIVERTON, Wyo. It status of properties in is Shirley Basin, Wind River Indian Reservation, in Montana where both uranium and bentonite possibilities are being explored, and the ' claim groups near Sheridan and Koehler Draw. imperative for the whole one in his right mind would be melting pennies for the copper they contain, people at the Mint re wondering whats happened to all the pennies. DR.' ADAMS, who will be retiring this summer, made it clear that it was not her idea to removie silver from coins, and that she didnt know anyone who did approve, with the exception of the manufacturers of sterling possible silverware. She noted' that the United States was one of the last nations to take this step. DR. ADAMS also expressed disappointment that the Joint Commission on the Coinage recommended that private citizens be permitted to melt the old silver coins. It seems like burning the flag for a private citizen to do it, she said, adding that difficulty in enforcement was one reason for lifting the ban. She said the reasons for the coin shortage stemmed from the increase in population, and the annual increase in the cost of services. to work for higher prices for uranium oxide, Roy Peck, president, told 60 industry shareholders of Western Standard Uranium Inc. at the annual meeting of the company. Peck said that if the price stays too low, mining companies will be forced to high grade their deposits, leaving low grades in the ground. Management reviewed the . THE COMPANYS financial statement published in the annual report shows cash of about $500,000. Officers elected include Roy Peck, president; Ray Byers, vice Railroad Co. recently signed a joint venture agreement with Silver Dawn Mining Co. of Aspen for the exploration and development of Silver Dawn s south of properties located Aspen, according to the Grand Junction Daily Sentinel. These are in the Richmond Hill District and include such famous mines as the MidnighL, Little Annie. Hope and the Highland Tunnel. ACCORDING to Edwin J. Smart of Silver Dawn, Union Pacific will begin a four-yea- r WALLACE, Idaho Hecla Mining Co. management won the first round in its proxy battle with Golconda Mining Corp. over acquisition of the Lake Shore Copper project for a Arizona Copper operation and 1,360,761 opposed. Golcondas 691,900 shares were voted in opposition to the project which with Silver Dawn in the properties. Principals in Silver Dawn Inc., closely-hel- d Colorado corporation, include move star John Wayne; Robert of Daniel Guggenheim, grandson Guggenheim who founded the Guggenheim dynasty in mining; Ernest Saftig, Resources, an El Paso Natural one million stock one-hal- f in interest the for of slate in electing their Lakeshore properties. Hecla directors. A total of 68 per cent of would develop the property at Hecla Mining Co. shares were an estimated cost of $100 voted in- favor of the proposal. million. Golconda has waged a battle Hecla has 4.9 million shares million by stock proxies and in the outstanding and 4.4 shares were represented by courts for the past three months proxy at the annual meeting to halt the proposal, claiming it would reduce earnings, that Thursday in Spokane. expenditure and also succeeded un-issu- - shares favoring the Carmack, George discovered gold at Bonanza RIVERTON, Wyo. A report p of the Franciscan mercury mine in California and a field trip to new drilling on the on the start-u- The five-memb- er Creek and touched off the directors was famous Gold Stampede of the and Smart, Klondike in 1897-98- , an Aspen mining consultant. price president and general manager; R.G. Roylance, and assistant secretary-treasure- r; secretaries, Mary Lewis of Denver, Stan Clark and Edith Anderson of Riverton. Other appointments include Robert V. Bailey, geologic advisor; Roy Dondero, mining advisor; F.M. Andrews, Riverton couneei, and Alec Keller of Keller ahd McSwain, Denver counsel. feasibility of the development. Golconda still has two court actions pending in Spokane County Superior Court and U.S. technical questions regarding of a IN THE ELECTION board of directors, managements slate received 3,522,520, Golcondas attempt to . by-passi- ng re-ele- ct Harry F. Magnuson, who polled 699,256. Wray Featherston, Golconda president, said his company will continue opposition in the courts. ye are convinced this proposal is not in the best interests of Hecla or its - shareholders, he said. Annual meeting calls Allied Nuclear Cheyenne Mine property highlighted the annual meeting grandson of of Allied Nuclear Corp. who U-o- re would give Transarizona District Court. subsidiary, $100 million Gas shares of Hecla s proposed 2,837,547 program which eventually will earn them a 50 per cent interest a the Consolidated Mercur Mines mill. Then fire gutted the entire town again. The mill survived and conto operate until 1913. tinued It was a ghost town by 1917. Combined Metals Reduction Co. operated on small scale in the area from 1933 until gold production was curtailed by the United States as a defense measure. For whatever its worth, however, the sound of the drilling rig has replaced the sound of target shooting. Hecla wins first round in proxy tiff ACTUAL VOTE was that there are unanswered U.P., Silver Dawn ink pact Pacific Mercur was wiped out by fire in 1896, then rebuilt. Pictures of the town in 1902 show a strikingly compact and crowded town lying at the foot of the financing costs are too high and ASPEN, Colo. The Union 550. West an chief urges higher to open Aug. 14 CASPER, Wyo. The modern, Mint to be dedicated in Philadephia on August 14 will provide coins to alleviate the nationwide coin shortage. Dr. Eva Adams, director of the U.S. Mint for the past eight years, said at the 14th Annual Minerals n solving of the gold from ore taken from a nearby open pit mine. It is the first time in many years there has been any activity in Mercur. new district-i- is based upon cyanidatlon But up on the hill over the old Sacramento mine pit a drilling rig is churning. Modern U.S. mint the Nevada inl965 and turned one of the nations most into it prolific gold producers - second only to Homestake Mining Co. in terms of primary production and third if you count the byproduction of gold by product Kennecott Copper Corp. at its Utah Copper Division. And, in the Mercur area. was successful corporate entrepren- rain-spatter- ed On road cut above old mine structure i drill rig (arrow) 270 claims of Newmont Mining, which has acquired Newmont also is engaged in field activities but because of silver Cyanidatlon of gold ores became generally known in 1889 or so. A carload of Mercur ore was shipped by railroad to Denver for testing. The treatment was successful, with 80 and in percent recovery, swarmed the prospectors and up went the mills. Through 1917 the district produced about 920,842 fine ounces of gold, worth about $19,035,512. Little comes out of Tooele County now. For example, the entire county In 1965 yielded 130 ounces of gold, worth $4, board of Vern Hughes, Don Olson, Stan Clark, Dale Miller and Lila Smith. Hughes, company founder, was - re-elect- president. THE NEW Gyra-Sa- n process for upgrading the mercury ore was explained; another project for Allied will be the manufacture of the Gyra-SaUIit for sale or lease to other n mining companies. Hughes reported on the status of negotiations relative to silver and gold properties in Nevada, the merger with Madre de Dios in New Mexico, and possible gold property acquisitions in Idaho. HUGHES TOLD stockholders that three drilling rigs have been working for three weeks on the Cheyenne Mine extension. Stockholders also were told that the company is growing faster than anticipated and that future major financing is being investigated. V . . .4. .I. (.4. K (.. fc |